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Accounting question, please help! On January 1, 2019, Crane Company purchased equipment for $403000. The equipment is estimated to have a salvage value of $16000

Accounting question, please help!image text in transcribed

On January 1, 2019, Crane Company purchased equipment for $403000. The equipment is estimated to have a salvage value of $16000 and is being depreciated over eight years under the sum-of-the-years'-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2026? $10750$48375$50375$11194 On January 1, 2019, Crane Company purchased equipment for $403000. The equipment is estimated to have a salvage value of $16000 and is being depreciated over eight years under the sum-of-the-years'-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2026? $10750$48375$50375$11194

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